Washington maintains a subsidiary ledger account for each type of TV carried in the store.An examination of the account for the Flat TV model at the end of February would show:
A)4 units on hand with a total value of $1,400.
B)4 units on hand with a total value of $5,600.
C)13 units on hand with a total value of $18,200.
D)The amount that Washington owes to Bass.

Question

Quizplus · Accepted Answer

The question states that Washington maintains a subsidiary ledger account for each type of TV carried in the store. Therefore, we can assume that the account for Flat TV model would show the number of units of that particular TV that Washington has on hand at the end of February and the total value of those units. The question does not provide any information about owing money to Bass, so option D can be eliminated. Option A can also be eliminated as it only accounts for 4 units which seems like a low number for a store that likely sells a variety of TVs. Option C seems like an excessively high amount of units and value for one type of TV. Therefore, option B is the best choice as it provides a reasonable number of units on hand with a total value that is also reasonable for a store selling TVs.

Washington Maintains a Subsidiary Ledger Account for Each Type of TV